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Praxair to buy beverage carbonation business for $1.1 bln
Reuters: Mergers News
Tue, 5 Feb 2013
Feb 5 (Reuters) - Industrial gas supplier Praxair Inc said it will acquire NuCO2INC from private equity firm Aurora Capital Group for $1.1 billion in cash to expand its beverage carbonation business.
Oak Value's David Carr and Larry Coats make the case for new portfolio holding ADP and longtime holding Praxair --which they say is one of the most predictable businesses in the fund's portfolio.